Emerging Markets Fixed Income Specialists

Brazil Economists Cut Growth Estimates for This Year and Next

Brazil economists cut both 2014 and 2015 growth estimates for the second week in a row on signs that a period of waning economic activity has extended beyond the first quarter.

Brazil’s economy will expand 1.44 percent this year and 1.80 percent in 2015, compared with the previous week’s forecast of 1.50 percent and 1.85 percent, respectively, according to the June 6 central bank survey of about 100 analysts released today. Both estimates are the lowest since the central bank started publishing the data.